Wells Fargo May Be Overcharging Its Auto Loan Customers E-mail
August 18, 2017

Wells Fargo is a community-based financial institution that provides auto loans, in addition to traditional banking services.  Customers’ auto loan contracts require them to carry comprehensive and collision physical damage insurance.  Many customers maintained the requisite insurance through independent auto insurance companies.  However, Wells Fargo is alleged to have enrolled over 800,000 auto loan customers in collateral protection insurance policies (CPIs) without their knowledge or authorization.  From 2012 to 2016, auto loan customers were allegedly billed for these CPIs, resulting in an estimated 274,000 account delinquencies and 25,000 vehicle repossessions.

 

If you or anyone you know obtained an auto loan from Wells Fargo, between 2012 and 2016, and paid for collateral protection insurance (CPI), you may have a claim.  Please contact Finkelstein Thompson at This email address is being protected from spam bots, you need Javascript enabled to view it or call us toll free at 1-877-337-1050.